GBP Trading Outlook (21-06-2012)

The British pound (GBP) had a very volatile session versus the US dollar, opening at 1.5720, recording a daily high at 1.5777 and a daily low at 1.5650, before it closed at 1.5705. This was on the back of the minutes revealed from the last Monetary Policy Committee (MPC) meeting. Apparently, the Bank of England (BoE) had a split 5-4 voting against additional asset purchase, with the Governor Mervyn King on the minority.

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